(A) To provide funds for the purpose of general municipal operations, maintenance of equipment, purchase of new equipment, extension, enlargement and improvement of municipal services and facilities, and the capital improvements of the City, the City hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 192.03 of this Chapter and other sections as they may apply, at the rate of one percent (1%).
(B) There is hereby levied a tax at the rate of one quarter percent (1/4%) on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 192.03 of this Chapter and other sections as they may apply. The levy of such tax shall be used to pay costs related to maintaining and improving streets, sidewalks and parks, providing public safety services, and eliminating blight and public nuisances.
(C) (1) The annual tax is levied at a rate of one and one quarter percent (1.25%). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 192.03 of this Chapter and other sections as they may apply.
(2) The funds collected under the provisions of this Chapter shall be deposited in the following order:
(a) For each Fiscal Year of the City, unless otherwise modified by ordinance, the first eighty-eight and three quarters percent (88.75%) of the City Income Tax collected shall be appropriated and transferred to the General Fund, to be used for the purposes for which that Fund was created and consistent with Section 192.01.
(b) For each Fiscal Year of the City, unless otherwise modified by ordinance, the next five percent (5.0%) of the City Income Tax collected shall be appropriated and transferred to the Capital Improvement Fund, to be used for the purposes for which that Fund was created and consistent with Section 192.01.
(c) For each Fiscal Year of the City, unless otherwise modified by ordinance, the next six and one quarter percent (6.25%) of the City Income Tax collected shall be appropriated and transferred to the Debt Service Fund, to be used for the retirement of the debt of the City and consistent with Section 192.01.
(d) The costs and expenses incurred in the collection, administration and enforcement of the aforementioned funds shall be initially paid from the General Fund and, thereafter, the General Fund shall be reimbursed from the respective funds for which the costs were incurred.
(D) The tax on income and the withholding tax established by this Chapter 192 are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio Revised Code 718.
(Ord. 15-165. Passed 11-23-15.)